Titan Aircraft Investments has acquired two 777 freighter aircraft on lease to Ethiopian Airlines. The aircraft were purchased from Carlyle Aviation Partners.
The two 777 freighters will support its fleet of widebody aircraft as demand for long-range airfreight capacity continues to grow.
“The 777 offers superior payload capacity and fuel efficiency, which will support the evolving needs of customers, particularly across international borders and high-demand cargo routes,” said Titan Management Ireland senior vice president and chief commercial officer Eamonn Forbes. “The 777 offers superior payload capacity and fuel efficiency, which will support the evolving needs of customers, particularly across international borders and high-demand cargo routes.”
Titan Aircraft Investments is a joint venture between Titan Aviation Holdings and Bain Capital, as well as Atlas Air holding a 10% stake.
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